First Advantage will leave NASDAQ

1:28 AM,
Apr. 23, 2013

Written by

Walker Moskop
| The Tennessean

The board of directors of First Advantage Bancorp has approved a proposal that will take the company off the NASDAQ stock exchange.

First Advantage Bancorp (NASDAQ: FABK) is the holding company for Clarksville-based First Advantage Bank. Moving forward, the company will use SecondMarket, an online marketplace for buying and selling illiquid assets, to facilitate stock transactions and shareholder communications.

The company said the move will "create more shareholder value, allow the management team to focus on strategic plans for ongoing growth and dramatically reduce its ...